Wynn agreed to a federal non-prosecution deal that required it to pay $130m, reportedly following a case involving cash transfers through Las Vegas casinos. State regulators also fined the company $5.5m; Wynn said it cooperated, dismissed employees involved and strengthened its compliance programmes.
The federal deal and state penalty show the financial and compliance exposure casinos may face over money-laundering activity.
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The Nevada Gaming Commission approved new anti-money-laundering regulations recommended by the Gaming Control Board. The rules introduce oversight and licensing requirements for casino AML personnel, reporting duties for AML-related employee departures and limits on independent agents; provisions take effect immediately or after four or six months.
Wynn Resorts reported operating revenue of US$1.69 billion for the third quarter of 2026, down US$144.7 million from the same period in 2025. Net income fell to US$17.3 million from US$88.3 million, while adjusted property EBITDAR declined to US$464.2 million from US$570.1 million; CEO Craig Billings said Wynn Las Vegas was affected by a hold rate outside its expected range.
Third-quarter 2026 operating revenues came to $1.69 billion, which was $144.7 million lower than the $1.83 billion recorded a year before. Net income for the third quarter of 2026 totaled $17.3 million, while the third quarter of 2025 had produced $88.3 million.
Nevada Gaming Control Board member George Assad said the Nevada Gaming Commission settled with Steve Wynn in July 2023 after allegations of sexual misconduct involving employees. Wynn paid $10 million and admitted no wrongdoing, according to the account of Assad’s remarks at a Nevada gaming law conference.
Wynn Resorts expects its Al Marjan Island resort in Ras Al Khaimah to open in September 2027, according to chief executive Craig Billings. The company expects to decide around February 2027 how the resort will launch; handovers to its operations team are due to begin in early 2027, with full control expected in late July.
Chief Executive Craig Billings said on the earnings call that the Ras Al Khaimah resort is still due to open in September 2027.
More than 1,300 workers at Encore Boston Harbor ratified a five-and-a-half-year collective bargaining agreement on 6 November, according to the Teamsters. The unions said the deal includes wage increases, improved benefits and working conditions; the 62-day strike coincided with a reported 22% year-on-year fall in the casino’s September gaming revenue to $46.06 million.